PROSPECTS AND OPPORTUNITIES
Eased inflationary pressure will boost demand for home improvements
Home products specialists is set to see value sales grow in current terms in South Africa over the forecast period, while they stagnate at constant 2024 prices. As inflation pressures eased and fell within the South African Reserve Bank's long-term target of 3-6%, the central bank revised its monetary policies to reflect this economic improvement.
Home products specialists likely to become more consolidated as acquisitions continue
The competitive landscape in home products specialists is likely to become increasingly consolidated as Pepkor strengthens its position to become the leading homeware provider following the acquisition of Shoprite’s brands. The market is expected to become more competitive due to TFG's rapid adoption of a vertically integrated home products expansion model, which includes local manufacturing and store growth.
Influx of grocery retailers will contribute to the expansion of pet stores
Pet shops and superstores is expected to be the fastest-growing channel in home products specialists over the forecast period, mainly supported by expanding outlets that remain relatively underpenetrated across major South African cities. The trend will be supported by the persistent pet humanisation trend amongst a growing number of consumers in South Africa, which has been encouraging middle- and high-income households to take better care of their animals, including purchasing specialist food or supplements to aid the condition of their fur, digestive health and immune health.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Products Specialists industry in South Africa with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Products Specialists industry in South Africa, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Home Products Specialists in South Africa report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Home Products Specialists in South Africa?
- Which are the leading retailers in Home Products Specialists in South Africa?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Home Products Specialists in South Africa - Category analysis
KEY DATA FINDINGS
Home improvement subject to rising interest rates
Shoprite announces plans to exit home products
More grocery retailers are betting on pet stores
Eased inflationary pressure will boost demand for home improvements
Home products specialists likely to become more consolidated as acquisitions continue
Influx of grocery retailers will contribute to the expansion of pet stores
Retail in South Africa - Industry Overview
Retail in 2024: The big picture
Competition intensifies, leading to a more consolidated market
SARS introduces new regulation for cross-border e-commerce
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Back to School
DISCLAIMER
The following categories and subcategories are included:
Home Products Specialists
- Home Improvement and Gardening Stores
- Homewares and Home Furnishing Stores
- Pet Shops and Superstores
Home Products Specialists
The aggregation of home improvement and gardening stores, homewares and home furnishing stores, and pet shops and superstores.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Home Products Specialists research and analysis database.
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